Joseph V. Jr. Topper Purchases 15,913 Shares of CrossAmerica Partners LP (CAPL) Stock
CrossAmerica Partners LP (NYSE:CAPL) Director Joseph V. Jr. Topper acquired 15,913 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was acquired at an average price of $26.87 per share, with a total value of $427,582.31. Following the completion of the transaction, the director now directly owns 163,544 shares in the company, valued at approximately $4,394,427.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
CrossAmerica Partners LP (CAPL) opened at 27.64 on Friday. The firm’s 50-day moving average price is $26.72 and its 200-day moving average price is $25.71. The firm’s market cap is $935.89 million. CrossAmerica Partners LP has a 52-week low of $23.26 and a 52-week high of $29.80.
CrossAmerica Partners (NYSE:CAPL) last announced its earnings results on Monday, August 7th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The company had revenue of $528.79 million for the quarter, compared to analysts’ expectations of $596.92 million. CrossAmerica Partners had a net margin of 0.06% and a return on equity of 4.11%. Equities research analysts expect that CrossAmerica Partners LP will post ($0.02) EPS for the current year.
A number of equities analysts have weighed in on CAPL shares. BidaskClub raised CrossAmerica Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 30th. Zacks Investment Research downgraded CrossAmerica Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Raymond James Financial, Inc. upped their price target on CrossAmerica Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, Bank of America Corporation downgraded CrossAmerica Partners from a “buy” rating to a “neutral” rating and upped their price target for the stock from $28.00 to $30.00 in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.00.
Large investors have recently made changes to their positions in the stock. Stephens Inc. AR boosted its position in shares of CrossAmerica Partners by 8.2% during the first quarter. Stephens Inc. AR now owns 8,994 shares of the oil and gas company’s stock valued at $235,000 after buying an additional 685 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of CrossAmerica Partners during the second quarter valued at approximately $255,000. Ameriprise Financial Inc. purchased a new position in shares of CrossAmerica Partners during the first quarter valued at approximately $265,000. Wells Fargo & Company MN boosted its position in shares of CrossAmerica Partners by 2.3% during the first quarter. Wells Fargo & Company MN now owns 18,635 shares of the oil and gas company’s stock valued at $488,000 after buying an additional 412 shares during the last quarter. Finally, Cowen Inc. purchased a new position in shares of CrossAmerica Partners during the second quarter valued at approximately $510,000. 35.05% of the stock is currently owned by institutional investors.
CrossAmerica Partners Company Profile
CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.
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